The month of March 2013 has seen the most insider selling since August 2012.

Financials

The company reported the full year 2012 financial results on February 26 with the following highlights:

Revenue

$76,154

Net loss

$9.0 million

Cash

$13.0 million

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Outlook

Reed Killion, CEO of UniPixel, commented on February 26:

"Given our strong progress, we expect to recognize approximately $5 million in revenue in the current first quarter. We are planning to begin limited production in the second quarter and ramp up to volume production in the third. We are targeting 60,000 units or square feet per month by the end of April, 200,000 by the end of June, 700,000 by the end of September and then achieving 1.3 million units monthly by January of 2014."

My analysis

The stock has met its $22 price target from the Point and Figure chart. There have been eight insider sell transactions and there have not been any insider buy transactions during the last 30 days. Before entering short this stock, I would like to get a bearish confirmation from the Point and Figure chart. The three main reasons for the proposed short entry are negative earnings, high P/S ratio and the intensive insider selling activity.

2. Equinix (NASDAQ:EQIX) provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

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Insider selling by insider (last 30 days)

Sara Baack sold 2,500 shares on March 4 pursuant to a Rule 10b5-1 Trading Plan. Sara Baack currently holds 7,500 options or less than 0.1% of the company. Sara Baack joined Equinix in 2012 as Chief Marketing Officer.

Christopher Paisley sold 1,500 shares on February 21 pursuant to a Rule 10b5-1 Trading Plan. Christopher Paisley currently holds 11,524 shares or less than 0.1% of the company. Christopher Paisley serves as a director of the company.

Stephen Smith sold 33,078 shares on February 19-20 pursuant to a Rule 10b5-1 Trading Plan. Stephen Smith currently holds 39,040 shares or less than 0.1% of the company. Stephen Smith is CEO & President of the company.

Peter Van Camp sold 2,345 shares on February 19 pursuant to a Rule 10b5-1 Trading Plan. Peter Van Camp currently holds 9,444 shares or less than 0.1% of the company. Peter Van Camp serves as a director of the company.

Keith Taylor sold 9,274 shares on February 19 pursuant to a Rule 10b5-1 Trading Plan. Keith Taylor currently holds 60,391 shares or 0.1% of the company. Keith Taylor is Chief Financial Officer of the company.

Charles Meyers sold 7,690 shares on February 19 pursuant to a Rule 10b5-1 Trading Plan. Charles Meyers currently holds 538 shares or less than 0.1% of the company. Charles Meyers is President, Equinix Americas.

Peter Ferris sold 4,178 shares on February 19 pursuant to a Rule 10b5-1 Trading Plan. Peter Ferris currently holds 15,354 shares or less than 0.1% of the company. Peter Ferris is Chief Sales Officer of the company.

There have been 199,165 shares sold and zero shares purchased since February 2012.

Financials

The company reported the full year 2012 financial results on February 13 with the following highlights:

Revenue

$1.9 billion

Net income

$144.7 million

Cash

$546.5 million

Debt

$3.0 billion

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Outlook

For the first quarter of 2013, the company expects revenues to be in the range of $518 million to $522 million. Cash gross profit margin is expected to range between 68% and 69%. Cash selling, general and administrative expenses are expected to range between $116 million and $120 million. Adjusted EBITDA is expected to be between $236 million and $240 million. Capital expenditures are expected to range between $140 million to $160 million, comprised of approximately $40 million of ongoing capital expenditures and $100 million to $120 million of expansion capital expenditures.

For the full year of 2013, total revenues are expected to be greater than $2,200 million. Total year cash gross margins are expected to range between 68% and 69%. Cash selling, general and administrative expenses are expected to range between $490 million and $510 million. Adjusted EBITDA for the year is expected to be greater than $1,010 million. Capital expenditures for 2013 are expected to be in the range of $550 million to $650 million, comprised of approximately $165 million of ongoing capital expenditures and $385 million to $485 million for expansion capital expenditures.

Competition

Equinix's competitors include AT&T (NYSE:T). Here is a table comparing these two companies.

Equinix is trading above the industry average P/S ratio, which could explain some of the insider selling.

My analysis

The stock has a $184 price target from the Point and Figure chart. There have been eight insider sell transactions and there have not been any insider buy transactions during the last 30 days. There are 11 analyst buy ratings, eight neutral ratings and zero sell ratings, with an average target price of $197.60. The stock is trading at a P/E ratio of 74.22 and a forward P/E ratio of 41.97. The company has a book value of $48.02 per share. I believe there is an opportunity for a short entry with the $184 price target from the Point and Figure chart. I would place a stop loss at $235, which is the all time high. The four main reasons for the proposed short entry are bearish analyst target prices, high P/E ratio, bearish Point and Figure chart and the intensive insider selling activity.

3. ValueClick (VCLK) offers a suite of products and services that enable marketers to advertise and sell their products and services primarily through online and mobile display advertising, affiliate marketing, and comparison shopping channels.

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Insider selling by insider (last 30 days)

John Giuliani sold 17,161 shares on February 22 - March 1 and currently holds 2,646,420 shares or 3.4% of the company. John Giuliani is President, Chief Executive Officer and Director of the company.

James Peters sold 3,500 shares on February 22 and currently holds 66,500 shares or less than 0.1% of the company. James Peters serves as a director of the company.

James Zarley sold 196,770 shares on February 20 and currently holds 103,750 shares or 0.1% of the company. James Zarley is Executive Chairman of the Board of Directors.

Scott Barlow sold 12,500 shares on February 19-20 and currently holds 111,250 shares or 0.1% of the company. Scott Barlow is Vice President and General Counsel.

John Pitstick sold 57,604 shares on February 19 and currently controls 172,361 shares or 0.2% of the company. John Pitstick is Chief Financial Officer of the company.

ValueClick is trading above the industry average P/S ratio, which could explain some of the insider selling.

My analysis

There have been six insider sell transactions and there have not been any insider buy transactions during the last 30 days. There are eight analyst buy ratings, six neutral ratings and zero sell ratings, with an average target price of $21.00. The stock is trading at a P/E ratio of 21.00 and a forward P/E ratio of 13.10. The company has a book value of $7.85 per share. Before entering short this stock, I would like to get a bearish confirmation from the Point and Figure chart. The two main reasons for the proposed short entry are bearish analyst target prices and the intensive insider selling activity.

Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in EQIX over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.